CIMB Equities Research said IOI Corporation Bhd 1QFY6/16 core net profit (excluding forex translation loss) accounted for 14% of its full-year forecast and 12% of consensus estimates
MUMBAI: Malaysian palm oil futures surged on Wednesday on concerns over production due to dry weather in key producing countries and as a leading industry analyst forecast a rally in prices.
The palm oil contract for May delivery on the Bursa Malaysia Derivatives Exchange was up 0.91 percent at 2,551 ringgit ($617.68) per tonne by midday.
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